Solar And Wind Revolution Happening Much Faster Than Expected

16 Jun 2017   Solar, Wind

The clean energy revolution is unfolding even faster than previously thought, which will have massive ramifications not just for the solar and wind industry, but also for the fading fortunes of old King Coal. Bloomberg New Energy Finance (BNEF) published its “ New Energy Outlook ” (NEO), with renewable energy forecasts through 2040. BNEF says that the costs of wind and solar are falling rapidly, and the transition to cleaner energy will be more significant than expected. “ This year’s report suggests that the greening of the world’s electricity system is unstoppable, thanks to rapidly falling costs for solar and wind power, and a growing role for batteries, including those in electric vehicles, in balancing supply and demand, ” said Seb Henbest, BNEF’s lead author of the NEO 2017. Solar is already cost-competitive with coal and natural gas in parts of Europe and the U.S., and solar will become […]

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